And in April 2nd of The Australian, BHP said this:
"...The planned divestment of assets considered non-core to BHP’s four “pillars’’ of iron ore, copper, petroleum and coking coal was first flagged by its previous chief executive, Marius Kloppers.
The simplification strategy has been adopted with gusto by new chief executive Andrew Mackenzie, who has also confirmed continued heavy investment in Canadian potash as BHP’s potential fifth pillar.
BHP has used the demerger process in the past to get rid of unwanted assets — the long products business of OneSteel in 2000, which was followed by the demerger of the flat steel business into BlueScope.
Speculation that the demerger of assets that fall outside its current four pillars was now under active consideration was not dismissed by BHP yesterday...."
I note that BHP considers coking coal as one of it's 4 main pillars. Now that is interesting. And we are sitting on the largest (and I would say it's going to grow larger) coal resources in Botswana.
As usual, please DYOR
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